The US Federal Reserve (Fed) announced a 25 basis point rate cut this week on the 19th and expects to slow the pace of rate cuts next year, leading to a bloodbath in the cryptocurrency market over the past two days. Bit coin hit a low of $92,268 yesterday (20th), a single-day drop of 6.78%; Ethereum fell even more, by 10.4%, to a low of $3,100, almost fully retracing its gains of the past month.
The Ethereum Foundation is truly a master of escaping the top
It is worth mentioning that after the market experienced further declines yesterday, the on-chain data monitoring team Lookonchain tweeted that since the Ethereum Foundation sold 100 ETH on December 17, the price of ETH has fallen 17%, marking another successful escape from the top by the Ethereum Foundation.
Additionally, over the past year, the Ethereum Foundation has conducted 32 transactions, selling a total of 4,466 ETH (about $12.6 million), 15 of which (marked in red in the image) were at the price top, earning them the nickname of true masters of escaping the top.
Further reading: The Ethereum Foundation sold another 450 ETH, and Vitalik also sold 760 ETH
Trump's cryptocurrency project WLFI has over $5 million in unrealized losses on Ethereum holdings
Additionally, according to on-chain data analyst Ai Aunt monitoring, the cryptocurrency project WLFI related to US President-elect Trump has been continuously buying various cryptocurrencies, with ETH becoming its largest holding. However, with the market decline, the unrealized losses on the project's ETH holdings have reached $2.1 million:
Seeing that the Trump World Liberty team is holding ETH with $2.1 million in unrealized losses, the holders may feel a bit better.
Ethereum is currently the largest holding asset in the World Liberty address, with 15,597 ETH, worth about $53.46 million, of which:
. 8,827 ETH were actively bought, with an average cost of $3,678, and currently have $2.098 million in unrealized losses
. The remaining 6,770 ETH were obtained from the WLFI public offering, which are temporarily ignored
Four hours ago, the WLFI address added 722.213 ETH at an average price of $3,461.
Regarding this, a netizen updated last night (20th) around 7:00 PM, stating that Trump's WLFI team's Ethereum holdings have over $5 million in unrealized losses, and commented: "Even if the Heavenly King comes to buy ETH, it's useless, it will still wipe out your pants."
